Nike's market cap DOWN over $600 Million since Boris Berian's tweet

I live in a long lost tribe in the Amazon and even our village knows who Boris Berian is.

Correlation does not equal causation... Every equity security fluctuates on a minute by minute basis, you really can have no idea how much each factor is truly influencing a firm's expected future cash flows unless you're behind the scenes.

Surely this is a troll I have just reluctantly fed.

YEAH BUDDY wrote:

Oh please, I doubt Nike even knows who Boris Berian is

Exactly. Their lawyer that had to draft that letter was like 'who'?

Who is Boris Berian?

I lead a tribe of mole people living in deep tunnels beneath the New York subway system and Boris Berian used to be one of us.

I see where this thread is going. Proceed.

Kris Krinkle wrote:

Now that the market has spoken will Nike drop it's suit with Berian? I can't imagine the board will be too happy at the backlash this has caused. I expect more of the same until Nike drops the suit. SELL SELL SELL!

HA, HA, HA, HA... this is sooo funny.

LRC actually thinks that the general population gives a rat's a$$ about what some unknown 800 meter runner tweets?

FWIW... This is just like the restricted free agent policy in the NBA.

He should be getting sued.

Nike has survived so many scandals over the years, they will be fine: Marion Jones, Lance Armstrong, Kobe Bryant, Michael Vick, Sweatshops, Justin Gatlin

Logik wrote:

Nike has survived so many scandals over the years, they will be fine: Marion Jones, Lance Armstrong, Kobe Bryant, Michael Vick, Sweatshops, Justin Gatlin

Yes, there's no denying that Nike has faced its fair share of scandals. What makes this one difference is the existence of social media. Social media hadn't been invented when Marion Jones was busted or when Lance confessed. This is the first time that Nike will have to face signification backlash on social media. This one is far from over folks.

Nuck Fike wrote:

I live approximately 140km from Paris and I have heard about this.

I live even further from Paris, in the Medeterranean and have heard about it as well. I think that it is fantastic!

Any Which Way But Loose wrote:

Kris Krinkle wrote:

Now that the market has spoken will Nike drop it's suit with Berian? I can't imagine the board will be too happy at the backlash this has caused. I expect more of the same until Nike drops the suit. SELL SELL SELL!

HA, HA, HA, HA... this is sooo funny.

LRC actually thinks that the general population gives a rat's a$$ about what some unknown 800 meter runner tweets?

FWIW... This is just like the restricted free agent policy in the NBA.

He should be getting sued.

What's funny is an idiot like you took a troll thread seriously.

EP wrote:

Kris Krinkle wrote:

Now that the market has spoken will Nike drop it's suit with Berian? I can't imagine the board will be too happy at the backlash this has caused. I expect more of the same until Nike drops the suit. SELL SELL SELL!

I doubt this "backlash" even registers on the radar. Given that Nike's total market cap is $90 billion+ (rising ~$45 billion in less than 4 years), this is more or less just routine day-to-day noise/fluctuations.

Ding. Ding. Ding.

Funny thread tho.

8/10 from me. wrote:

Schneider wrote:

6/10 you got a few nibbles on a preposterous premise.

I think you're being a bit harsh as it's amazing so many idiots took the threads preposterous premise seriously. 8/10 from me.

By the way, I'm in Australia and all my workmates who've never heard of LetsRun have heard of Boris Berian, he's a legend down here, up there with Crocodile Dundee.

Lol. You douches call everything and everyone a Legend.

"Legendary, mate."

Correct wrote:

I live in a long lost tribe in the Amazon and even our village knows who Boris Berian is.

I live on a rez with a casino. And we have a "totem pole," with Boris Berian carved into it. Dudes a fast spirit.

Kris Krinkle wrote:

Logik wrote:

Nike has survived so many scandals over the years, they will be fine: Marion Jones, Lance Armstrong, Kobe Bryant, Michael Vick, Sweatshops, Justin Gatlin

Yes, there's no denying that Nike has faced its fair share of scandals. What makes this one difference is the existence of social media. Social media hadn't been invented when Marion Jones was busted or when Lance confessed. This is the first time that Nike will have to face signification backlash on social media. This one is far from over folks.

Idiot, much?

Child, check out the founding and flourishing dates of most social media unicorns. WAY-y before Lance confessed.

Just cos yer new and late to the partay... Sheesh.

Wow, Nike's stock actually did take a big hit during after hours trading today -- it's down 6.15 percent, about 6 billion dollars of erased market cap. Possibly a consequence of rival Under Armour securing a big exclusivity deal with UCLA.

letsracer wrote:

Do you honestly think anyone outside of a American few track & field fans knows about this issue?

Exactly right. And now that we know that he is the one at fault, WE will not even care soon.

ILIKENIKE wrote:

Nike has the right to match the NB offer which it seems like it tried to do.

#1- Nike had the right to match the offer, but not the right to force anyone to accept it. You can't force another party to accept a contract you've created.

#2- They can't match the contract because it was with NB, not Nike. A contract with Nike can't be the same as a contract with NB, as they are different companies.

See: "Fooled By Randomness" 600 million ain't nothing